Tether announced today that the U.S. Department of Justice (DOJ) has recognized its active assistance in combating an international cryptocurrency fraud, money laundering, and scam operation network. The DOJ's Fraud Section's Combatting Transnational Repression Initiative announced that over $52 million in cryptocurrency was frozen in a single day as part of a coordinated action against Xinbi Guarantee, which targets the Chinese market. The DOJ specifically thanked Tether for its active role in this investigation.